Podcast: Q3 captive originations are mixed
28 Okt 20248min
Q3 bank earnings offer mixed results
Bank earnings last week highlighted mixed results as some institutions saw an uptick in auto originations while others’ portfolios shrank. Bank of America’s auto originations rose 16.2% year over yea...
21 Okt 20246min
Q3 earnings season kicks off, Octane enters marine market
Chase Auto and Wells Fargo kicked off the Q3 earnings season last week, with both lenders reporting flat or lower origination volume on a year-over-year basis. Wells Fargo’s auto originations hit $4.1...
14 Okt 20244min
Auto credit performance worsens, prompts provision spike
High rates and rising consumer debt levels still drive a worsening auto loan landscape. Delinquencies and losses rose across prime and nonprime securitized auto loans in Kroll Bond Rating Agency’s Au...
30 Sep 20246min
Podcast: Unlocking EV potential through leases, used market
Leasing an EV or buying a used one offers a more affordable option in today's challenging market, but many consumers remain hesitant. Nearly 8.5% of new purchases were EVs, and more than 46% of those ...
23 Sep 202419min
Used-car demand strong amid tight credit, rising DQs
Demand for used vehicles is strong as supply remains limited and affordability is top of mind for consumers. The used-car turnover rate rose 8.4% year over year in August to 43 days for franchise dea...
16 Sep 20246min
Automakers pull back on DEI amid social shifts
Several companies in the automotive and powersports industries made changes to their diversity, equity and inclusion initiatives following social pressure to scale back targeted DEI strategies. Ford ...
9 Sep 20246min
Regulators eye AI, aftermarket sales practices
Regulators are scrutinizing practices surrounding the use of artificial intelligence and machine learning as well as aftermarket product sales, prompting auto lenders to review processes for themselve...
26 Aug 20247min
